SunSirs: DMF Prices Fluctuated Narrowly in September

https://www.chemnet.com   Oct 08,2024 SunSirs

Price trend

According to the Commodity Market Analysis System of SunSirs, as of September 30th, the average quotation price of domestic high-quality DMF enterprises was 4,120 RMB/ton. DMF prices remained stable in September, with a narrow upward trend at the end of the month. As of September 30th, the mainstream market price was 4,100 RMB/ton.

Analysis review

On the demand side: In September, the overall DMF market was dominated by essential purchases, and traders were cautious in their purchases. The purchasing atmosphere was average, and this week, the DMF plant of Luxi Chemical reopened, resulting in an increase in on-site supply. Operators were adopting a cautious and wait-and-see attitude towards the future market, with Shandong Jiachang Chemical Co., Ltd. priced at 4,100 RMB/ton, Nantong Zhonghe Chemical New Materials Co., Ltd. priced at 4,000 RMB/ton, and Liaocheng Yuanze Chemical Products Co., Ltd. priced at 4,150 RMB/ton.

Market outlook

DMF analysts from SunSirs believe that DMF is expected to operate steadily in the short term, with prices remaining around 4,100 RMB/ton.

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